A growing interest in Wall Street’s late cryptocurrency companies could disrupt the traditional boom and bust cycle of digital assets, according to a new study.
Crypto Financial Services Firm Matrixport said Friday that it is preparing an initial public offering (IPO) that allows more than $200 billion in crypto companies to raise between $30 billion and $45 billion in new capital.
Matrixport said the investor’s focus is turning from early stage bets to scalable IPO-enabled companies located in the open market.
Continuing sales and early adopters by Bitcoin (BTC) miners will “have largely neutralised the inflow of ETFs and Treasury, lowering volatility and attenuating Bitcoin’s appeal against risk-seeking investors,” Matrixport said in the X-Post Friday. “But Wall Street has all the incentives to expand its Bull Market, with up to $226 billion of crypto IPOs waiting in the pipeline, raising new capital of between $3-45 billion.”
The report is because it prepares IPO plans as it has been encrypted with several well-known encryption of IPO plans, including Crypto Exchange Kraken, which recently raised $500 million in funding, according to an unnamed source cited by Fortune on September 25th.
The news came less than a week after Cryptocustodian Bitgo was filed to post common stock on the New York Stock Exchange, filed on September 19th.
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ETFS signals “Paper-Backed AltSeason” for selected Altcoins
Matrixport’s report supports previous insights from industry watchers who predicted that the 2025 crypto market cycle would not feature a similar Altcoin season as previous years, but only selected Altcoins with institutional support or outstanding Exchange-traded funds (ETFs) filings will outperform the rest of the market.
However, some analysts have argued that Onchain dynamics points to the beginning of the Altcoin season.
“Many investors are focusing on Bitcoin in an approximate way, but ETH is quietly expanding performance in the background,” says Nic Puckrin, Crypto Analyst and co-founder of Crypto Educational Resource The Coin Bureau, Bitcoin’s domination is heading towards a “year low.”
“Historically, these have been signals of a comeback to altcoins,” he emphasized that this trend has been selective up until now.
“This market cycle has been very different to 2021 so far, and although it is very selective, we are beginning to see signs of out-of-performance Altcoin.”
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Other analysts point to the ETF filing pipeline awaiting approval as the next potential catalyst for the upcoming Altcoin season.
“We’re heading into a paperbacked alto season,” Ki Young Ju, founder and CEO of BlockChain Analytics Platform Cryptoquant, said in Monday’s X-Post.
This comes as the crypto industry awaits a decision by the Securities and Exchange Commission (SEC) on outstanding crypto ETF filing related to at least five tokens filed in October.
The deadline for Canary Capital’s Litecoin (LTC) ETFs was set on October 2nd, but the SEC remained silent about ETF filing. It is unclear whether the lack of response is due to ongoing US government closures or a new generic list standard that makes the 19B-4 deadline unrelated.
Multiple Solana (SOL) ETF filings from Grayscale, Vanek, 21Share, Bitwise face a decision by October 10th.
Later that month, XRP (XRP) ETF filings from Grayscale, WisdomTree, Bitwise and Coinshares await feedback between October 19th and 24th.
Finally, Grayscale’s Dogecoin (Doge) and Cardano (ADA) ETFs are expected to be finalized by the end of October.
https://www.youtube.com/watch?v=pgbcaw31pby
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